Akamai Settles Patent Suit Vs. Cable & Wireless Unit

Law360, New York (December 7, 2004, 12:00 AM EST) -- Akamai Technologies Inc. has agreed to a cash settlement in its long-standing dispute with a bankrupt unit of Cable & Wireless over patents for content delivery technology, the Cambridge, Massachusetts-based company said.

Under the agreement, Akamai will settle the dispute for the amount of damages Cable & Wireless Internet Services Inc. is to pay Akamai as a result of a jury's finding in December 2001 that the rival was infringing Akamai's intellectual property rights.

The settlement includes a cash payment to Akamai for these damages, the...